Unlimit launched Stable.com, a decentralized clearinghouse built specifically for stablecoins, the fintech company said in a press release on Tuesday.
The firm said the service is the first to combine non-custodial stablecoin exchanges with direct global off-ramps, aiming to make dollar-pegged tokens more convenient and easier to use.
Stable.com allows users to trade between major stablecoins with no fees or gas commissions while maintaining full control of their funds.
By linking these decentralized rails to Unlimit’s global payments network, the platform enables conversions to local currencies in over 150 markets and through over 1,000 payment methods, in an effort to eliminate friction and custody risks common to older crypto platforms.
Stablecoins are cryptocurrencies pegged to assets like fiat currencies or gold. They underpin much of the cryptoeconomy, serving as payment gateways and a tool for moving money across borders.
A clearinghouse is a financial intermediary that stands between buyers and sellers to settle trades, manage counterparty risk, and ensure that transactions are completed smoothly.
Unlimit framed the platform as an attempt to rationalize a stablecoin market that has become increasingly fractured. By bringing together major tokens under one interface and linking them to established fiat payment pathways, Stable.com could make stablecoins easier to use in routine transactions, the company said.
Kirill Eves, CEO and founder of Unlimit, said in the statement that stablecoins were an emerging “extension of the US dollar” and a growing tool in global trade. He added that Stable.com is designed to bridge decentralized finance (DeFi) with traditional financial systems.
Unlimit, founded in 2009, serves tens of thousands of businesses and more than one billion users. Its global licensing and payments footprint, the company said, gives Stable.com the regulatory and infrastructure support to launch as a full platform rather than a pilot.
Read more: Stablecoins will be bigger than Bitcoin
